Shares of Pangaea Logistics Solutions Ltd (NASDAQ:PANL) have earned an average broker rating score of 1.00 (Strong Buy) from the two brokers that provide coverage for the company, Zacks Investment Research reports. Two analysts have rated the stock with a strong buy rating.

Brokerages have set a 12-month consensus target price of $4.55 for the company and are expecting that the company will post $0.10 EPS for the current quarter, according to Zacks. Zacks has also given Pangaea Logistics Solutions an industry rank of 244 out of 265 based on the ratings given to its competitors.

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A number of research analysts recently commented on the company. TheStreet raised Pangaea Logistics Solutions from a “d+” rating to a “c-” rating in a report on Monday, November 27th. Noble Financial assumed coverage on Pangaea Logistics Solutions in a report on Tuesday, December 12th. They issued a “buy” rating on the stock. Finally, ValuEngine raised Pangaea Logistics Solutions from a “hold” rating to a “buy” rating in a report on Friday, December 15th.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Deutsche Bank AG purchased a new position in Pangaea Logistics Solutions in the 4th quarter worth approximately $121,000. Renaissance Technologies LLC purchased a new position in Pangaea Logistics Solutions in the 4th quarter worth approximately $125,000. Monashee Investment Management LLC purchased a new position in Pangaea Logistics Solutions in the 4th quarter worth approximately $134,000. Finally, Goldman Sachs Group Inc. lifted its holdings in Pangaea Logistics Solutions by 4,998.0% in the 4th quarter. Goldman Sachs Group Inc. now owns 841,372 shares of the shipping company’s stock worth $3,096,000 after purchasing an additional 824,868 shares in the last quarter. 28.53% of the stock is currently owned by institutional investors.

Pangaea Logistics Solutions (NASDAQ PANL) traded up $0.23 during midday trading on Monday, reaching $2.87. The company had a trading volume of 52,400 shares, compared to its average volume of 53,512. The company has a current ratio of 1.31, a quick ratio of 1.08 and a debt-to-equity ratio of 0.68. Pangaea Logistics Solutions has a one year low of $2.13 and a one year high of $8.40. The stock has a market cap of $125.69, a PE ratio of 35.88 and a beta of 0.41.

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Pangaea Logistics Solutions Company Profile

Pangaea Logistics Solutions, Ltd. is a holding company. The Company is a provider of seaborne drybulk transportation services. The Company services a range of industrial customers who require the transportation of a range of drybulk cargoes, including grains, coal, iron ore, pig iron, hot briquetted iron, bauxite, alumina, cement clinker, dolomite and limestone.